Acquisitions and Divestitures News in Egypt

KUFPEC Enters a New Partnership with Shell in Egypt
KUFPEC Enters a New Partnership with Shell in Egypt 9/20/2023 - BG International Limited, subsidiary of Shell plc., signed Farm Out Agreement (FOA) with KUFPEC (Egypt) Limited (KEL), subsidiary of Kuwait Foreign Petroleum Exploration Company, k.s.c.c. (KUFPEC), un...
SDX Signed Heads of Terms for the Disposal of Egyptian Assets
SDX Signed Heads of Terms for the Disposal of Egyptian Assets 8/30/2023 - - SDX has signed Heads of Terms for the disposal of all its Egyptian assets;
- The buyer is a large multinational operator, with existing Egyptian interests;
- The transaction is expected ...
SDX Energy Confirms Potential Sale of Egyptian Assets
SDX Energy Confirms Potential Sale of Egyptian Assets 6/12/2023 - The Board of SDX Energy plc (SDX) are aware of rumours concerning its Egyptian business and confirms that the Company has received multiple offers in regard to the sale of its Egyptian assets, which t...
Infinity Power Finalizes Acquisition of Lekela Power in Africa's Renewable Deal
3/20/2023 - - Infinity Power has acquired 100% shareholding of Lekela Power, an Africa based wind power platform
- Transaction makes Infinity Power Africa's largest pure play renewable power company
- ...
COSCO Announces Investment in 25% of the Equity of Sokhna New Container Terminal
COSCO Announces Investment in 25% of the Equity of Sokhna New Container Terminal 3/16/2023 - COSCO SHIPPING Ports Limited (‘CSPL’) announces its investment in 25% of the equity in Sokhna New Container Terminal, Egypt. On 15 March 2023, ZHAO Fengnian, the Chief Accountant of the Company, repre...
Apex International Acquires Interests in 6 Concessions in Egypt’s Western Desert
Apex International Acquires Interests in 6 Concessions in Egypt’s Western Desert 1/10/2023 - Apex International Energy (Apex) announced that it had acquired interests in four concessions in the Western Desert oil producing region of Egypt from IEOC Production B.V. (IEOC), a unit of Eni S.p.A....
bp Awarded New Exploration Blocks in Egypt’s Offshore Nile Delta
bp Awarded New Exploration Blocks in Egypt’s Offshore Nile Delta 11/28/2022 - bp has been awarded two exploration blocks in the Mediterranean Sea, offshore Egypt by the Egyptian Natural Gas Holding Company. The Northwest Abu Qir Offshore Area - in which bp, the operator, holds ...
QatarEnergy Acquires 40% Interest in Exploration Block Offshore Egypt
QatarEnergy Acquires 40% Interest in Exploration Block Offshore Egypt 3/29/2022 - QatarEnergy entered into an agreement with ExxonMobil to acquire a working interest in an exploration block offshore Egypt.

...
Pharos Energy Completes Farm-Out Transaction of Egyptian Assets to IPR
Pharos Energy Completes Farm-Out Transaction of Egyptian Assets to IPR 3/24/2022 - Pharos Energy plc, an independent oil and gas exploration and production company, is pleased to announce that it has been notified of the signature by the Egyptian Minister of Petroleum and Mineral Re...
Wintershall Dea Divests its Interest in the Gulf of Suez Concession
Wintershall Dea Divests its Interest in the Gulf of Suez Concession 2/3/2022 - - Transfer of interest to the Egyptian General Petroleum Corporation after 38 years of efficient production
- Proud history in Egypt will continue
- Stronger focus on production of natural ...
SDX Energy Announces Proposed Disposal of 33% of South Disouq for $5.5M
SDX Energy Announces Proposed Disposal of 33% of South Disouq for $5.5M 2/1/2022 - SDX Energy Plc (SDX) is pleased to announce the proposed disposal of 33% of the shares in the entity that holds its interests across its South Disouq concession and its intention to initiate a share b...
Pharos Energy Announces Result of General Meeting
Pharos Energy Announces Result of General Meeting 12/14/2021 - Pharos announces that at the General Meeting held earlier today, the resolution set out in the Notice of General Meeting at the end of the circular to the Company's shareholders dated 25 November 2021...
QatarEnergy Enters Egypt’s Upstream Sector in Two Offshore Blocks
QatarEnergy Enters Egypt’s Upstream Sector in Two Offshore Blocks 12/13/2021 - QatarEnergy entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea.

Und...
Shell Completes Sale of Western Desert Assets in Egypt
Shell Completes Sale of Western Desert Assets in Egypt 9/24/2021 - Shell Egypt N.V. and Shell Austria GmbH, subsidiaries of Royal Dutch Shell, PLC (Shell), have completed the sale of their upstream assets in Egypt’s Western Desert to a consortium made up of subsidiar...
Pharos Energy to Farm-out Interests in the El Fayum & North Beni Suef Concessions
Pharos Energy to Farm-out Interests in the El Fayum & North Beni Suef Concessions 9/15/2021 - Pharos Energy plc is pleased to announce that the Pharos Group has entered into conditional agreements for the farm-out and sale of a 55% working interest and operatorship in each of the Egyptian El F...
Dana Gas Wins Arbitration on Sale of Egypt Assets
Dana Gas Wins Arbitration on Sale of Egypt Assets 7/25/2021 - Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company has received an award in its favour dated 19 July 2021 from the London Court of Arbitration (“LCIA”). The arbitrati...
APA & Egypt’s Ministry of Petroleum to Modernize PSC in Western Desert
APA & Egypt’s Ministry of Petroleum to Modernize PSC in Western Desert 5/4/2021 - APA Corporation (APA) announced it has reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC) in support...
United Oil & Gas Announces Final results for the year ended 31 December 2020
United Oil & Gas Announces Final results for the year ended 31 December 2020 4/26/2021 - United Oil & Gas PLC ("UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, is pleased to announce its audited results for the year end...
Dana Gas Announces Agreement Termination for Sale of Its Egyptian Assets
Dana Gas Announces Agreement Termination for Sale of Its Egyptian Assets 4/25/2021 - Dana Gas PJSC, the Middle East’s largest private sector natural gas company, announced the termination of its agreement for the sale of its Egyptian assets, announced on 25th October 2020. ...
Pharos Energy Announces Concession Agreement Amendment El Fayum Area
Pharos Energy Announces Concession Agreement Amendment El Fayum Area 3/30/2021 - Pharos is pleased to announce that it has received provisional approval from the Egyptian General Petroleum Corporation's (EGPC) Main Board to an amendment of the fiscal terms of its El Fayum Concess...

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